licitation JUST WRITTEN FOR YOU
/lɪsɪˈteɪʃən/ · lis.i.ta·tion
noun
- The act of bidding or offering for something, especially a contract or a project. The company's licitation process for the new project was highly competitive.
- A public announcement or invitation to bid for something. The government issued a licitation for the construction of a new highway.
Did you know? The word 'licitation' is often used in the context of public procurement, where it refers to the process of inviting bidders to submit their offers for a contract or a project.